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Saudi mall operator Arabian Centres plans $500mln sukuk - sources

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Saudi arabiaUnited arab emiratesSaudi arabianArabian centresசவுதி அரேபியாஒன்றுபட்டது அரபு அமீரகங்கள்சவுதி அரேபியன்அரேபியன் மையங்கள்

Saudi Arabia s Alhokair to take stake in e-commerce platform VogaCloset

By Reuters Staff 2 Min Read FILE PHOTO: Makkah Mall, one of the shopping malls operated by Arabian Centres, is pictured in Makkah, Saudi Arabia, April 17, 2019. REUTERS/Waleed Ali DUBAI (Reuters) - Saudi Arabian retailer Fawaz Abdulaziz Alhokair has agreed to buy a minority stake in e-commerce platform VogaCloset, it said on Wednesday, seeking to boost its online presence. Alhokair said it will acquire 25.5% of the share capital in the UK-based e-commerce company, with the 68.9 million riyal ($18.4 million) transaction funded through its own resources. “This deal will allow Alhokair to gain access to a leading international website with a strong position and presence in the Middle East and Saudi Arabia to strengthen its brands and bring it closer to its customers,” Alhokair said in a bourse statement.

Saudi arabiaUnited arab emiratesSaudi arabianDavid goodmanHadeel al sayeghFawaz abdulaziz alhokairThomson reuters trust principlesUnited kingdom basedMiddle eastArabian centresThomson reuters trustAl hokairE commerceApparel amp accessories retailers trbc level 4Apparel amp accessories retailers nec trbc level 5Company news

Arabian Centres, Alhokair ink deal to buy 51% of e-commerce platform for SAR 138 mln

Arabian Centres, Alhokair ink deal to buy 51% of e-commerce platform for SAR 138 mln 03/03/2021 Argaam The signing of the acquisition agreement Arabian Centres Co. and Fawaz Abdulaziz Alhokair Co. signed an agreement to acquire 51% of an e-commerce platform for SAR 138 million. Arabian Centres signed a share purchase agreement to buy 39,250 shares, or 25.5% of VogaCloset Ltd. for a total consideration of $18.36 million (SAR 68.85 million), the company said in a joint statement. Under the deal, ACC will acquire a total of 13,600 shares of VogaCloset’s outstanding shares and will inject $12 million (SAR 45 million) in additional capital. Alhokair will also buy 39,250 shares of VogaCloset’s outstanding shares, translating to an ultimate ownership of 25.5% of VogaCloset after raising its capital.

Saudi arabiaMarwan moukarzelFaisal aljedaieVogacloset ltdFawaz abdulaziz alhokair coArabian centres coFawaz abdulaziz alhokairMiddle eastArabian centresAt argaam plusYou get up to date news on saudi stock market tadawulStock quotesCompany performanceMarket data and analysis top companies sabicசவுதி அரேபியாமார்வன் மௌக்கர்ஜேல்

Alhokair and Arabian Centres boost online footprint with Vogacloset deal

Alhokair and Arabian Centres boost online footprint with Vogacloset deal
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Saudi arabiaUnited arab emiratesMarwan moukarzelArabian centres companyUnited kingdom basedArabian centresசவுதி அரேபியாஒன்றுபட்டது அரபு அமீரகங்கள்மார்வன் மௌக்கர்ஜேல்அரேபியன் மையங்கள் நிறுவனம்ஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானதுஅரேபியன் மையங்கள்

Alhokair And Arabian Centres to Acquire 51% Stake in Online Fashion Retailer, Vogacloset, Redefining Saudi Shopping Experience

Alhokair And Arabian Centres to Acquire 51% Stake in Online Fashion Retailer, Vogacloset, Redefining Saudi Shopping Experience
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Ash sharqiyahSaudi arabiaAr riyaCity ofUnited kingdomMarwan moukarzelFaisal al jedaieAbdulmajeed alhokairHanin hamarnehArab luxury world forumFawaza alhokair coArabian centres companyCompany lifestyle centresJoint ventureChief executive officerMiddle east